Zuckerberg appearance helps propel stock above $20 for first time in 4 weeks

 Internet News  403 Responses »
Sep 132012
 

Zuckerberg has avoided public appearances and interviews over the past year, and his silence likely contributed to some of the uneasiness investors felt about the company. The stock, which was priced at $38 at the time of Facebook’s initial public offering in May, fell as low as $17.67 last month following the end of the first lock-up period. Even with today’s rise, shares are trading below 40 percent of their offering price. However, Facebook has recently been active in expanding its mobile monetization efforts and testing a new search-based advertising option. Zuckerberg said in his interview Tuesday that the company has many more products and feature to launch later this year.

MORE:  Zuckerberg appearance helps propel stock above $20 for first time in 4 weeks.

 

Facebook users are sharing 1B stories from Open Graph apps per day; Zuckerberg discusses options for future monetization

 Internet News  382 Responses »
Jul 272012
 

Facebook CEO Mark Zuckerberg said today that more than 1 billion stories are being shared from Open Graph apps per day.

Open Graph apps are those that share users’ actions, such as reading, watching, listening and other custom activities to Timeline, Ticker and News Feed. These were first introduced in September 2011, but only began to be widely developed and used as of January 2012, when the social network began approving third-party integrations.

Open Graph is an important aspect of Facebook’s growing platform, which Zuckerberg repeatedly referred to as being core to the social network’s strategy. The CEO also said that Facebook’s vision for the platform is “bigger than most people perceive.” He urged investors not to think about the platform as being solely about games on Facebook.com, even though that is the vast majority of the company’s $192-million payments business. Zuckerberg believes his platform will actually extend beyond the web itself. He talked about the future possibility of buying a new car, logging in with Facebook, and having the car populate with your favorite music, your friends’ addresses, restaurants you like and stores your friends have been to.

MORE:  Facebook users are sharing 1B stories from Open Graph apps per day; Zuckerberg discusses options for future monetization.

 

Facebook Doubles Revenues in the First Half of 2011 to $1.6 Billion [REPORT]

 Internet News  239 Responses »
Sep 072011
 

 

 

Facebook‘s revenues doubled in the first half of the year to $1.6 billion, according to a report.

Reuters says Facebook’s net income for the period hit $500 million, citing “a source with knowledge of [Facebook’s] financials.”

via Facebook Doubles Revenues in the First Half of 2011 to $1.6 Billion [REPORT].